Broker News – Page 185
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NewsAXA UK underlying profits up 27% in H1
COR improved improved by 1.2 percentage points to 97% - helped by benign weather.
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NewsOval/Giles integration costs Gallagher £16m in H1
Consolidation of UK offices, technology costs, onboarding of over 3,700 employees are included in costs
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NewsBroker boss triumphs in £2m high court battle with Capita
Appeal Court overturned previous ruling that Capita could recover compensation bill from ex-Sureterm Direct boss
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Online onlyAlan Boswell Group shows pre-tax profit growth of 27%
The broker is moving its financial division to offices it occupied 15 years ago
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NewsUp to 200 jobs secured by Liberty Insurance in Northern Ireland
Last month Liberty Insurance announced it was making 270 redundancies across Ireland
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Online onlyDecline of home and motor premiums is slowing - Biba/Acturis
SME premiums continue to fall, however.
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NewsGallagher broking unit boosts profit by 17% in first half
Broker spent $43.2m on integrating acquisitions
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NewsWillis raises cost saving target by $25m
Broking group now expects annualised savings of $325m from restructuring plan
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NewsWillis GB organic revenue falls 2.3% in second quarter
Group profit before tax falls 14% in first half and 15% in second quarter
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NewsHome insurance premiums fall in second quarter
ABI warns insurance premium tax rise will increase cost for consumers from November
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NewsJLT confident of 6% organic growth in 2015 despite first-half drop
Company admits it is finding growth difficult in UK regions
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Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
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NewsFraudster sentenced for faking burglary to make bogus claim to DLG
Brikenjeet Singh tried to con insurer out of £57,000
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NewsMarsh parent MMC’s broking profit rises 2% in first half
But second quarter profit drops as foreign exchange losses hit revenues
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NewsNo talks held with Zurich over possible acquisition – RSA
RSA is responding to Zurich statement that is it is evaluating a possible offer for the rival insurer
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Online onlyRSA intent shows Zurich's desire for regional market - network chief
TEn insurance boss James Sharp reckons Zurich want a better handle on the smaller broker market
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NewsMaiden agrees 3-year UK car insurance deal with Nissan
Car buyers can buy insurance direct through Nissan dealerships or online
